{"id":1004704499,"date":"2024-02-29T02:38:46","date_gmt":"2024-02-29T10:38:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004704499"},"modified":"2024-03-01T02:41:07","modified_gmt":"2024-03-01T10:41:07","slug":"top-5-nyc-retail-building-sales-january-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2024\/","title":{"rendered":"Top 5 NYC Retail Building Sales\u2014January 2024"},"content":{"rendered":"\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa8915bb87ec&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004704500\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-retail-building-sales-january-2024\/0324_cpe_ps_retail\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg\" data-orig-size=\"800,266\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0324_CPE_PS_retail\" data-image-description=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg?w=800\" alt=\"Source: PropertyShark, a Yardi Systems Inc. company\n\" class=\"wp-image-1004704500\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/0324_CPE_PS_retail.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: PropertyShark, a Yardi Systems Inc. company<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=45527068\">717 Fifth Ave. #RETL, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $963,000,000<\/p>\n\n\n\n<p>Wharton Properties sold the 26-story retail building totaling 80,834 feet in Central Midtown. The deal also included the 23,128-square-foot office building at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=45527067\">717 Fifth Ave. #4-OFF<\/a>. French luxury group Kering Americas Inc., that owns Gucci, Alexander McQueen and Balenciaga is the new owner of the office and retail space.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=136070099\">724 Fifth Ave. #A, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $425,000,000<\/p>\n\n\n\n<p>Italian fashion brand Prada acquired the 13,648-square-foot, 12-story building, along with the 36,692-square-foot <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=136070100\">724 Fifth Ave #B<\/a> and the 4,137-square-foot <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=136070101\">724 Fifth Ave. #C<\/a> from seller Wharton Properties. The Central Midtown property housed its flagship store since 1997, where Prada rented five stories, and new plans include the establishment of office and storage space, according to <em>Reuters<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=937976\">401 E. 60th St. #RETL1, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $150,500,000<\/p>\n\n\n\n<p>Miami-based Gazit Horizons Inc sold the 93,139-square-foot, 38-story retail building together with the 28,702-square-foot garage structure at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=937978\">401 E. 60th St. #GARGE<\/a> to Ontario-based Hennick &amp; Co. Built in 1999, the Lenox Hill retail property last changed hands in 2017, when The Brodsky Organization sold it for $71.2 million.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=25377\">170 E. 80th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $34,357,204<\/p>\n\n\n\n<p>Waterfall Masion &amp; Gallery owner gave up the 11,012-square-foot, five-story asset to ACRES Capital in a lieu of foreclosure transaction. The private investor owned the property since 2008, when it acquired it for $8.5 million, while later in 2014 the Waterfall Mansion &amp; Gallery was opened.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=6073\">545 Broadway, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $33,000,000<\/p>\n\n\n\n<p>A private investor sold the 29,586-square-foot retail building in SoHo to an entity connected to the Brandy Melville fashion brand, according to <em>Pincus Co<\/em>. The six-story asset is originally built in the 1900\u2019s and is close to multiple bus and subway stations, the closest one being the Broadway &amp; Prince Street station.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recap of recent major transactions compiled by PropertyShark.<\/p>\n","protected":false},"author":1269,"featured_media":1004704500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,10,37790],"tags":[],"class_list":["post-1004704499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 5 NYC Retail Building Sales\u2014January 2024 - 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